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    Property profile & analytics

    20 Lock St Lockport, NY 14094

    • Investment properties
    • 9,730 SF
    • 1.02 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-2942313
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AJ's / Hot Dog Stand

    Property Details for 20 Lock St

    Year built
    1970
    Lot size
    1.02 lot acres
    Property size
    9,730 SF
    Zone code
    B3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    290900 109.54-2-3
    APU
    2909001095423

    Description

    This exceptional 9,612 square foot commercial property at 20 Lock Street in Lockport, NY, presents a unique investment opportunity. The building, situated in the historic downtown area, boasts stunning canal views. The office space underwent a complete renovation in 2014, resulting in a modern and functional layout. Features include ten plus private offices, a dedicated conference room, a welcoming reception area, two ADA-compliant bathrooms, and a convenient kitchen. Ample parking is available, complemented by a garage featuring an overhead door. The property's lot will be partially demised, with a portion allocated to the Dale Association. The front building is currently leased to a tenant with plans to develop retail space on the ground floor and apartments on the second floor. A basement area in the front building houses the building's mechanical systems. The asking price for this prime Lockport location is $450,000. This property offers a blend of established income potential and future development possibilities, making it an attractive investment in a vibrant and historic setting. The property is zoned for both retail and office use, providing flexibility for future tenants or owners. The combination of renovated office space and the potential for retail and residential development makes this a truly versatile and valuable asset.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $230,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $245,000
      Mixed-Use
      $205,000
      Hospitality
      $195,000
      Educational
      $235,000
      Residential Income
      $200,000
      Energy
      $220,000
      Income-Based Land
      $195,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6937
    Latitude
    43.172
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $33,900
    $316,100
    $350,000
    -
    $33,900
    $316,100
    $350,000

    Comparable in this City

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      6933 Transit Rd

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      3,112 SF

      167 Van Buren St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,112 SF
      167 Van Buren St, Lockport, NY 14094-1512
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      135 Ontario St

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      135 Ontario St, Lockport, NY 14094-2760
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      89 Pne St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,516 SF
      89 Pne St, Lockport, NY 14094-4454
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      3,264 SF

      168 Corinthia St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,264 SF
      168 Corinthia St, Lockport, NY 14094-2010
      View Details

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    20 Lock St
    Lockport, NY 14094
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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